Tesla accuses advisory firm of 'scaremongering' after it urged investors to vote against Musk's pay package

• Tesla rebuked Glass Lewis for urging shareholders to reject Elon Musk's $55 billion pay plan.
• Tesla said the firm demonstrated faulty reasoning in a letter to shareholders.
• Tesla is seeking approval from shareholders for the pay plan and moving its incorporation to Texas.

Tesla was quick to fire back at Glass Lewis after the advisory firm encouraged shareholders to vote against the company's $55 billion compensation plan for Elon Musk.